Chief executives of Walmart, Target and Home Depot reportedly warned Trump that supply chain disruptions would lead to empty shelves at U.S. stores in weeks.

Donald Trump escalated his attacks on the cliche Federal Reserve Chair Jerome Powell. He referred to Powell as “a big loser” as interest rate fears rise. For his part, Trump was explicit that he’s “not going to fire” Powell.

U.S. stocks opened higher Wednesday after President Donald Trump signaled a softer stance toward the eye-watering tariffs he had set for China, while also stating he would not make an immediate change in leadership of the Federal Reserve.